€890,000

House for sale Olhão
Property photo number 1 of 16 Photos for Property. File 104847991_2345_93dff1c4cb2f2176e8b88b28a403ced2.jpeg

Overview

SUMMARY: Discover an opportunity with this Olhão house for sale and available for €890,000. This could be your next ideal home or a smart investment. More details await.

19th-century historic building in Olhão's old town with two apartments, panoramic rooftop terrace, Ria Formosa views and excellent investment potential. In the heart of Olhão's historic center, among traditional cobbled streets and just a few meters from

the emblematic Municipal Market and waterfront, stands a 19th-century building that preserves the essence of Algarve architecture. Each original wooden door, solid wood floor and carefully preserved detail transports us to an era when homes were built to last for generations. Upon entering, you immediately feel the authenticity that only a historic property can convey. High ceilings naturally enhance the light flowing through each room, while the original decorative paintings and elegant marble finishes reveal the craftsmanship present throughout the property. The possibility of converting the building into two independent units adds a versatility increasingly sought after by investors and international buyers, allowing for a combination of personal residence and income generation, or the development of long-term rental or tourist accommodation solutions, always in compliance with applicable legislation. At the top of the property lies the most memorable space in the entire house: a large panoramic terrace where the horizon opens over Olhão's white rooftops, the natural beauty of the Ria Formosa and the barrier islands. Property Features: Apartment 1 Two bedrooms Living room Kitchen Bathroom Private patio, ideal for outdoor dining or a leisure area Apartment 2 Arranged over three floors: First floor Two bedrooms Bathroom Second floor Kitchen Balcony Guest bathroom Third floor Panoramic terrace with unobstructed views over Olhão, the Ria Formosa and the barrier islands More than just a building, this is an opportunity to acquire a piece of heritage in one of the Algarve's most sought-after areas. Whether to create an exclusive residence, a second home by the sea or develop a real estate investment project. Historic properties with this location, authenticity and appreciation potential are becoming increasingly rare on the market, making this a truly distinctive opportunity for those seeking to invest in Olhão's historic center. The Engel & Völkers Faro-Tavira team is at your disposal to provide further information or arrange a private viewing. Energy Rating: D #ref:W-04AWE7 - W-04AWE7 - Engel & Völkers Faro-Tavira

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Details

  • Beds: 4
  • Baths: 3
  • Price: €890,000
  • Reference No.: 189575441
  • Area: 198 m2

Location

Marketed by:

  • Engel & Völkers Faro-Tavira
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